1. providethe algorithm to calculate the probably of the expected Critical path(b-d-e-f-g) to be the actual Critical...
Fantastic news! We've Found the answer you've been seeking!
Question:
1. providethe algorithm to calculate the probably of the expected Critical path(b-d-e-f-g) to be the actual Critical path of the project, using Monte Carlo Simulation in Excel. Then apply the algorithm to this problem and calculate this probability.
Tip: Excel does not have PERT distribution. The algorithm can use Beta distribution function in excel and convert it to PERT distribution using the conversion equations
Either Bulletized algorithm or Flow Chart diagram are acceptable
Related Book For
A First Course In Mathematical Modeling
ISBN: 9781285050904
5th Edition
Authors: Frank R. Giordano, William P. Fox, Steven B. Horton
Posted Date: